Eddie Lampert Not Planning on Bailing Out Sears This Time - Report

If these are the last days for Sears Holdings Corp. (SHLD) CEO and Chairman Edward Lampert won't be coming to the retailer's rescue.

Lampert repeatedly has given struggling Sears bridge loans in order to stave off what many insiders see as the company's inevitable demise, but the hedge-fund manager will not continue to throw good money after bad, The Wall Street Journal reported, citing sources familiar with the matter.

Sears has to repay a $134 million debt by Monday, Oct. 15, and the company doesn't have the capital to do so, the Journal reported. The retailer, which at its height was the largest retailer in the world, is reportedly in talks with banks to raise several hundred million dollars in emergency financing as it prepares for a potential bankruptcy filing.

The Journal reported earlier this week that the company has hired M-III partners to prepare its Chapter 11 filing.

Kraft Heinz shares traded at an all time low Friday after a dismal fourth quarter, coupled with an SEC notice and a grim 2019 outlook, lopped more than $15 billion in market value value from the packaged food group.